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American Capital Invests $16 Million in Wausau Financial Systems

Bethesda, MD - February 4, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $16 million in Wausau Financial Systems, a leading provider of fully-bundled software and hardware technology solutions for remittance and check processing. American Capital's investment takes the form of senior subordinated debt and equity and supports Frontenac Company's acquisition of Wausau and Wausau's primary licensed software developer, Kyris Image Software Inc. Wells Fargo Foothill is investing in senior term debt and is providing a revolving credit facility. Frontenac CEO1st executive Joseph Delgadillo is Wausau's incoming CEO. He is investing in the equity and, along with Wausau senior management, is participating in an option pool. More...

Wausau a Leader in 21st Century Check Processing

Wausau Financial Systems is at the forefront of changes that are reshaping the future of check processing and imaging in the U.S. Based in Mosinee, WI, the company offers comprehensive check imaging and transaction processing solutions to more than 600 commercial clients and financial institutions. The company's industry leading technology enables banks and check payment processors to streamline operations, cut costs and eliminate fraud. It also offers a winning solution as the industry shifts from manual processing of paper checks to electronic transfer. More...